This Startup Expedites Enterprises’ Adoption of Software Applications


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In a computer-driven era, adopting or learning new software can be taxing and time consuming. On an individual level, a simple click on YouTube tutorials or calling up a friend who is proficient with the software can do the trick. However, for enterprises with thousands of employees, the situation to deal with a new software or facing an error is expensive and not welcomed. Customer relationship management (CRM) software used by enterprises across sectors to onboard new customers can be onerous to use.

Understanding this pain, Khadim Batti and Vara Kumar in 2013 founded a SaaS-based solution provider startup Whatfix. Based in Bengaluru, the startup in February this year raised $32 million in Series C round from Sequoia Capital.

In an interaction with Entrepreneur India, Batti, chief executive officer and co-founder of Whatfix, talked about the startup built based on a feature from an earlier venture and what the future plans are.

From SearchEnabler to Navigator

Batti and Kumar have known each other for the past ten years before donning the entrepreneurial cap. Both of them worked together for Huawei Telecom where they looked after the DPI and BI solutions. Building the BI product line up from the scratch encouraged both of them to build something on their own. Thus, the two quit the Chinese telecom company in 2010 to start their own venture in 2011, SearchEnabler. The startup then focused on small medium business(SMBs) and helped them to be discoverable and enhance their search and social media visibility on their own

“Our hypothesis of ‘do it yourself’ (DIY) for small businesses and charge them $30-40  per month and get millions of businesses online didn’t go as planned,” added Batti.

Batti said small

Chinese city launches cryptocurrency lottery, gives away digital coins to promote adoption

The Chinese city of Shenzhen will become a testing ground for a new sovereign cryptocurrency with residents issued millions in the digital coin for free. 

As reported by the South China Morning Post, citizens have been able to enter a lottery to receive the digital funds, of which coins worth 10 million yuan ($1.47 million) will be awarded to promote their use in roughly 3,400 designated stores in the Luohu district. 

The 50,000 “red packets” will each contain roughly $30 in cryptocurrency. Chinese citizens living in Shenzhen have been able to apply via iShenzhen, a blockchain-based and government-operated network that backs the new sovereign asset. 

See also: IRS offers grants for software to trace privacy-focused cryptocurrency trades

Digital Renminbi, an official state app, can be used to create an e-wallet to store and exchange the cryptocurrency. The gift amounts can only be used until October 18 and cannot be transferred to traditional bank accounts. If the coins are not used, they will be taken back. 

The scheme is considered a pilot for the digital yuan, also known as Digital Currency Electronic Payment (DCEP). 

CNET: Huawei ban timeline: UK says there’s ‘clear evidence of collusion’ between Huawei and China

By airdropping this vast amount and encouraging residents to spend their funds in a short time, China will be able to test the transactional capacity and reliability of the DCEP system, while also isolating the trial from traditional payment methods and accounts. 

Many cryptocurrencies currently in circulation are decentralized, which means that there is no central backing — loosening control in comparison to traditional fiat currency, but also increasing the likelihood of market fluctuations. 

However, China’s sovereign virtual coin is backed by the People’s Bank of China (PBOC), which means the coin should be considered less of a standard cryptocurrency, and more

Productivity Commission claims wide-spread regtech adoption will lift compliance

An information paper by the Productivity Commission has highlighted how there is scope for Australia to adopt regulatory technology (regtech) beyond the financial sector, with the belief it can improve regulatory outcomes and reduce the costs of administration and compliance.

In its regulatory technology information paper [PDF], the Productivity Commission noted how Australia is “well-placed” to develop regtech solutions given its “relatively stable and sophisticated” regulatory systems, but currently, extensive use of regtech remains relatively low.

“Low awareness can dampen both demand and supply responses — business need to see value in changing their software so that developers see value in investing in applications, which in turn deliver the value businesses need to see,” the paper stated.

It went on to suggest that Australia could extend its existing use of “low-tech” solutions, including digitised data, forms, registers, and transactions to streamline business and individual transactions with government, as well as reduce compliance costs, improve the efficiency of regulatory practices, and generate flow-on benefits to the community.

Some of the specific areas that the Productivity Commission believes regtech solutions could benefit from include where regulatory environments are particularly complex to navigate and monitor, explaining that there is scope to improve risk-based regulatory approaches; technology could enable better monitoring; and technology could safely unlock more uses of data for regulatory compliance.

While regtech could improve regulatory outcome, it should not be used as a substitute for regulatory reform, the Productivity Commission warned.

The paper also examined the costs, risks, and hurdles associated with the wider adoption of regtech. It pointed out that while regtech has the potential to deliver benefits, the wide-spread implementation of it could take some years, particularly when it comes to the adoption of “advanced” regtech, which requires specialised resources and longer development times.

See also: 3 ways to

Collectibles Go Digital with DigiCol, Multi-functional Infrastructure for the Next Wave of NFT adoption

DigiCol

DigiCol
DigiCol
DigiCol

VICTORIA, Seychelles, Oct. 11, 2020 (GLOBE NEWSWIRE) — The hype in Decentralized Finance (DeFi) quickly dissipated as DeFi-related assets recorded sharp reversals in their price. DeFi users that were overleveraged observed their wealth evaporate as the value of their collateral diminished. As DeFi interest subsides, NFT interest has been piqued.

Non-fungible tokens (NFTs) are distinct token types that derive their utility from being diverse and unique from other tokens. Data is suggesting that we are approaching the next wave of NFT adoption.

NFTs can be considered to be digital collectables which are traded and secured on a blockchain infrastructure. They are commonly tied to non-fungible ERC721 tokens on the Ethereum blockchain. Google data shows record-high search volume for the term “NFT”.

DigiCol will provide the infrastructure for the next wave of NFT adoption. NFT users have previously faced stiff technical barriers to creating and using NFTs. It typically requires advanced coding knowledge and a deep familiarity with third-party wallets like MetaMask.

DigiCol is the first platform to empower users with one-click NFT creation. Moreover, users will be able to trade NFTs in the DigiCol marketplace without the hassles of connecting to a third-party wallet.

The previous NFT hype cycle resulted in some tokens being traded for over $100,000. But as interest resurfaces, NFT users will demand more sophisticated infrastructure and more liquid markets.

NFTs have found huge markets in fields like art collectibles and online gaming. We have already observed decentralized marketplaces emerge to cater to these niches. But none have the one-click creation and seamless trading features of DigiCol.

After DigiCol users create NFTs, they can launch them into a liquid marketplace and earn rewards when their tokens are traded. Users that own NFTs can earn rewards in tokens native to the DigiCol platform by showcasing

Global Internet of Things Development Survey 2020: Comprehensive View of Attitudes, Adoption Patterns and Intentions

The “Internet of Things Development Survey 2020, Volume 1” report has been added to ResearchAndMarkets.com’s offering.

The Internet of Things Development Survey is conducted twice a year. This comprehensive report, based on primary research with developers actively developing for connected devices and the Internet of Things, gives a comprehensive view of the attitudes, adoption patterns and intentions of these developers.

Topics include: Demographics and Firmographics, Developing and Deploying IoT Projects, IoT Technology Landscape, Business of IoT Development, IoT APIs and Services, Language Use, Platform Targets, Automotive and Connected Car Development, Wearables Development, Real-time Operating Systems, Connected Hardware Development, AI and Advanced Analytics, Cloud and Container Use, Edge Computing and IoT, Performance and Optimization, Security and Technology Adoption.

This survey gives a comprehensive view of the attitudes, adoption patterns and intentions of developers in relation to the Internet of Things. The analyst wishes to make this survey series as valuable as possible to our clients; thus, we solicit input from subscribers prior to the publication of each volume. This subscriber input is incorporated into the content of the survey, providing answers and insight into issues of interest to our clients. Publication rights to any of the results are not granted to any subscribers outside of their own companies without written permission from the analyst.

Survey Methodology

This survey series is completed entirely online. Respondents from the panel were sent invitations to participate and complete the survey online. Incentives for completing the survey are the ability to influence tool makers and receive points that build up and can be used to redeem cash cards.

Research Design

The survey research method is the basic research design. The questionnaire for this survey is constructed for developers actively involved with developing a variety of applications using a wide variety of technologies. An e-mail invitation was